Wednesday, May 21, 2008

Rebate Checks?

As you may have heard, the BUSH ADMINISTRATION said each of us would get a rebate check to stimulate the economy.If we spend that money at Walmart, all the money will go to CHINA .If we spend it on gasoline, it will go to the ARABS.If we purchase a computer it will go to INDIA .If we purchase fruits and vegetables it will go to MEXICO , HONDURAS , AND GUATEMALA.If we purchase a good car, it will go to JAPAN .If we purchase useless junk, it will go to TAIWAN .None of it will help the American economy. We need to keep that money here in America !The only way to keep that money here at home is to spend it at GARAGE SALES since those are the only businesses still American owned.

Haha this is funny. Its actually not true though because it goes towards are economies Net exports which DOES stimulate our economy and its GDP.

GDP = Consumption + Investment + Spending + Net Exports

We should be more concerned with the fact that they are HAVING to send rebates to stimulate the economy. The only time they would do that is if we are heading to a recession. Though at times we feel like we are already in 1, we arent. We havent been in 1 in a very long time. We've only be on the actual normal line of GDP NOT below it, but America is so used to being above the normal line that when we hit the actual line it feels like a recession--but its not.

Helen - I actually know some churches who encouraged their congregation to give their rebate checks, since they weren't expecting them anyway, and the people are doing just that. Now I wonder if they will send it to foreign missions?!? LOL

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Born in 1960, you can say she's a boomer. She's married to the love of her life, Brian, who is also her pastor, mom to three gorgeous kids, and wears many different "hats." Her personal passion is singing and she recorded her first CD which was released February 2007. You can hear clips at her website, www.janaallard.com.